Independence lifts profit by 78pc

The West Australian August 27, 2010, 1:14 pm

The West Australian © Independence lifts profit by 78pc

Gold and nickel miner has lifted full year profit by 78 per cent to $28.7 million on higher spot prices for nickel.

The figure was $600,000 more than the company's June forecast.

The result came on revenue of $116.7 million, up 17 per cent on the previous year.

The company announced a fully franked final dividend of three cent cents a share to be paid on September 30, which would bring its full-year dividend to five cents.

Independence shares were up nine cents, or 1.68 per cent, to $5.46 at 1.15pm.

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